Lilly ups bid for ICOS, analysts shrug off negative story

12/18/2006 | Forbes

Eli Lilly increased its bid for ICOS Corp. from $2.1 billion to $2.3 billion, and Lilly says the boards of both companies have unanimously approved the revised merger. Analysts seemed unfazed by a negative newspaper report of Lilly's marketing of its Zyprexa drug, with one saying the allegations in the story "are fairly widely known."

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